Fintech news moves fast. That's what Open Office Hours is for.
Aug 20, 2 PM ET: @AlexH_Johnson Founder of Fintech Takes, opens the floor to the whole Finity Network. No deck. No script. Just real answers, and the occasional classic Alex crash out when a topic hits a nerve 🙃
A crypto exchange just built a gift card that turns a stablecoin, the most traceable dollar on earth, into cash.
Businesses can buy these in bulk and hand them out for rewards and promos. Whoever holds the code controls the funds. No identity check happens until someone redeems
The FDIC just proposed a fintech certification system that gives banks zero legal protection for using it.
Bank and fintech trade groups are working with the FDIC to build a standard-setting body that would certify which fintechs are safe enough for banks to onboard. A separate
Fintech had more funding than it could spend in 2021. It didn't have charters.
Founders wanted their own bank license. They couldn't get one, so they partnered with the few banks willing to sponsor them, Bancorp among them. Charters were scarce. Middleware was the workaround.
